Chewy, Inc. (CHWY) reported adjusted earnings per share of $0.36, matching the Zacks Consensus Estimate, in its fiscal second-quarter 2026 earnings call held recently. Revenues reached $3.33 billion, slightly exceeding the consensus estimate of $3.32 billion. The company noted a stable pet-spending environment but did not anticipate meaningful consumer recovery, with CEO Sumit Singh stating that Chewy continues to outperform the broader pet market by 2-3 times.
For fiscal 2026, Chewy has adjusted its net sales outlook to between $13.46 billion and $13.57 billion, reflecting organic growth of 5.5% to 6.3%. Additionally, the fiscal third-quarter guidance includes sales projections of $3.323 billion to $3.358 billion and adjusted earnings per share around $0.39. The company reported 21.7 million active customers, a 3.8% year-over-year increase, and noted that Autoship sales accounted for 84.6% of total net sales with a 9.3% rise.
Chewy’s CEO also highlighted significant growth in Chewy Vet Care and a focus on innovative platforms, stating that AI initiatives are set to generate tens of millions in cost savings for fiscal 2026. The adjusted EBITDA margin for the current quarter is expected to be between 6.6% and 6.7%, reflecting both profitability increases and expectations of softer discretionary spending.
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